help with solving a simulation problem

Project Description:

the owner of a ski apparel store in winter park, co, must decide in july how many
ski jackets to order for the following ski season. each ski jacket costs $54 each and
can be sold during the ski season for $145. any unsold jackets at the end of the season
are sold for $45. the demand for jackets is expected to follow a poisson distribution
with a average rate of 80. the store owner can order jackets in lot sizes of
10 units.
a. how many jackets should the store owner order if she wants to maximize her
expected profit?
b. what are the best-case and worst-case outcomes the owner might face for this
product if she implements your suggestion?
c. how likely is it that the store owner will make at least $7,000 if she implements
your suggestion?
d. how likely is it that the store owner will make between $6,000 to $7,000 if she
implements your suggestion?
Skills Required:
Project Stats:

Price Type: Negotiable

Completed
Total Proposals: 2
1 Current viewersl
12 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.9
    287 Jobs 248 Reviews
    $15 in 0 Day